ISLAMABAD: As Pakistan tries desperately to stabilize its FX reserves, the federal government has chosen to seek $5 billion in loans from China, Russia, and Kazakhstan. Pakistan is expected to receive a $3 billion loan from China and a $2 billion loan from Russia and Kazakhstan, according to details. The Chinese loan will be used […]
Finance
Pak-Japan agreed for further enhancing trade relations, particularly in agriculture
Pakistan and Japan on Thursday agreed to further enhance bilateral trade, particularly trade in agriculture products, besides enhancing mutual cooperation to benefit from expertise and knowledge for the welfare of the people of both countries. The consensus in this regard was developed in a meeting between the Ambassador of Japan to Pakistan Mitsuhiro Wada, who […]
Intentions of govt. to regularize cryptocurrency in Pakistan: Shibli Faraz
ISLAMABAD: Shibli Faraz, Pakistan’s Minister for Science and Technology, stated on Wednesday that the Pakistan Tehreek-e-Insaf (PTI)-led federal government plans to regulate cryptocurrency in the country. In Islamabad, he was speaking at the first Pakistan Blockchain Summit 2022. Shibli Faraz said the State Bank of Pakistan, Securities and Exchange Commission and Finance Division are already […]
NEPRA will consider a power tariff increase for household consumers
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has received a recommendation to raise the power rate for home consumers by Rs0.95 per unit. According to the facts, a proposal has been made to increase the power tariff from Rs0.08 per unit to Rs0.95 per unit for different slabs of residential consumers. The power tariff […]
Successful Dubai investment conference to mark era of progress, opportunities: CM
Chief Minister (CM) Khyber Pakhtunkhwa (KP), Mahmood Khan on Monday said that the provincial government held a successful investment conference in Dubai which would help in transforming the province by creating economic opportunities and increase in employment opportunities. In a statement, he said, “I am very glad to announce that we have signed MoUs with […]
From January 16, the price of petrol in Pakistan could reach an all-time high of Rs150 per litre
KARACHI: Sources at oil marketing businesses said Thursday that the price of petrol is expected to hit an all-time high of Rs150 per litre, owing to a rise in crude oil prices on the international market. According to sources, the government plans to raise the price of petroleum products by Rs6 per litre, with petrol […]
NPMC satisfied with flour price stability, express concern over sugar prices
The National Price Monitoring Committee (NPMC) on Wednesday expressed satisfaction over the wheat flour prices’ stability and availability of sufficient stocks of the commodity in the country. The NPMC, the meeting of which was presided over by Federal Minister for Finance and Revenue, Shaukat Tarin, however, expressed concerns about the slight increase in sugar prices […]
No additional taxes levied on common masses during last 3 years: Kanwal Shauzab
Parliamentary Secretary for Planning, Development and Reforms Kanwal Shauzab on Wednesday said that PTI during its 3 years’ tenure, had not imposed any additional taxes on the common man and all economic indicators show a positive trajectory due to the prudent policies of the present government. Talking to a private news channel, she criticized that […]
Chairman FBR appreciates IREN’s commendable performance
Chairman Federal Board Revenue (FBR) Dr Muhammad Ashfaq Ahmed on Tuesday appreciated Inland Revenue Enforcement Network (IREN) commendable performance. Building further on its momentum to maximize tax compliance, the Federal Board of Revenue’s Inland Revenue Enforcement Network (IREN) Squads, have seized 80,446,800 illegal cigarettes worth Rs195,674,652 involving duties and taxes of Rs156,135,055 in the six […]
Investors looking to SBP policy to determine direction of rupee
KARACHI: On Tuesday, the Pakistani rupee struggled to find direction as investors anticipated the State Bank of Pakistan’s (SBP) monetary policy decision later this week, seeking signs as to when policy tightening may occur. The local currency gained 0.03 percent against the US dollar on Tuesday, according to central bank data, completing the day at […]